Video: Abadi Speaks To A Number Of Foreign Newspapers !

[DinarThug]

Remarks of U.S. Treasury Secretary Steven Mnuchin at the Future Investment Initiative Conference in Riyadh, Saudi Arabia

10/25/2017

As prepared for delivery:

Introduction

Good Afternoon. Thank you to His Royal Highness, the Crown Prince, and His Excellency, Yasser al-Rumayyan, the Managing Director of the Public Investment Fund of Saudi Arabia, for welcoming our delegation to your country. I am pleased to be here as a follow-up to President Trump’s visit to Riyadh in May and grateful to have the opportunity to address this distinguished gathering of business leaders and policymakers. We arranged this trip so I could speak at this important conference regarding the path towards a more secure and prosperous future for Saudi Arabia and the United States.

Terrorist Financing Targeting Center

I am here in Saudi Arabia to commemorate the opening of the new Terrorist Financing Targeting Center. The Memorandum of Understanding establishing the intent to create the Center was signed during President Trump’s first international trip and the creation of this Center is a major step forward in our ability to disrupt the finances and operations of terrorist organizations.

In 2004, the Office of Terrorism and Financial Intelligence was created within Treasury. This team, with over 700 dedicated employees, is one of the most effective in the world at countering terrorist financing and has pioneered the use of intelligence, sanctions, and other financial tools in support of U.S. national security interests.

Over the years, Treasury has designated thousands of individuals and entities, contributing to U.S. and allied efforts to stop terrorist regimes, disrupt and dismantle criminal organizations, and target those that will do us harm. Sanctions and other Treasury measures, combined with active diplomatic and law enforcement efforts, are central to applying maximum economic pressure to counter a wide range of threats.   

We have targeted individuals and entities facilitating funds and procurement in support of North Korea's weapons program. In September, President Trump authorized Treasury to impose a new range of sanctions on shipping networks that support the Kim regime. We now have the ability to suspend correspondent accounts and freeze assets of any foreign financial institution that knowingly conducts significant transactions in connection with any trade with North Korea. We will use these new tools carefully to cut off flows of funds available to North Korea to pursue its dangerous and destabilizing nuclear and missile programs.

President Trump has made it clear that we will continue to use these economic tools to combat rogue regimes and terrorist organizations.

Individual terror attacks are often the product of an expansive network of fundraisers, recruiters, and operators. We are focused on maximizing the use of our expansive economic authorities, intelligence, and other sources of financial information to target and interrupt the financing of those who execute and facilitate these deadly attacks and other destabilizing activities. We do so in strong partnership with our allies in the region and all over the world. We are committed to working together to stop the use of illicit financing that goes to these dangerous networks.

ISIS has raised hundreds of millions of dollars through the theft of oil, kidnapping, and extortion. Sanctions and targeted operations have been effective in reducing these flows and degrading ISIS’s ability to exploit the international financial system to further its extremist ideology. We are seeing the impact of our efforts on ISIS's financial strength and its ability to control territory.

Since I have been at Treasury, we have designated individuals and entities tied to Iran’s Islamic Revolutionary Guard Corps, Iran’s ballistic missile program, Iranian support for terrorism, and the regime’s human rights abuses. While I visit other countries in the region this week, I will discuss with our allies opportunities to work together to counter Iran’s threatening activities. This will include a focus on taking aggressive actions against Hizballah, whose main benefactor is Iran. Hizballah poses a threat across the Middle East and beyond and we must jointly use our authorities to disrupt its financiers and financial networks.

We also remain focused on stopping the support networks of terrorist groups in Afghanistan, such as the Taliban. We are working on disrupting the Taliban’s ability to raise funds domestically and abroad.

We are pleased to add to these critical efforts by opening the Terrorist Financing Targeting Center, and to serve as a co-chair of this Center with Saudi Arabia.

The Kingdom is one of our important partners on countering the financing of terrorism. We have curtailed charities that finance Al-Qaeda. We have issued joint designations with Saudi Arabia, targeting the fundraising networks of al-Qaida, Hizballah, the Taliban, and Lashkar-e-Tayyiba. We will continue to look to Saudi Arabia to be a leader on these issues in the Gulf.

Today the U.S. announced new sanctions on nine individuals and entities that finance and facilitate terrorism and are actively supporting violence in Yemen. We coordinated this action with the Kingdom of Saudi Arabia, the United Arab Emirates, the State of Kuwait, the Sultanate of Oman, the Kingdom of Bahrain, and the State of Qatar, who designated these advocates of terror under their own domestic authorities. This is the largest ever multilateral designation in the Middle East.

This bold and innovative multilateral approach is needed because terrorism poses a threat to all of our nations. It is critical that we come together to combat this. For the first time, we are establishing a multinational center to draw on our experiences, tools, and the expertise of member countries. Together, we will focus our efforts and disrupt the financial and support networks that enable terrorists.

I am especially thankful for the leadership demonstrated by my Saudi counterparts, whose efforts as co-chairs and hosts of the Center have been – and will continue to be – instrumental in ensuring its success. This center will be a catalyst for additional multilateral actions against terrorist financiers. It will be a place where member countries come together to share information and benefit from the lessons we have learned in fighting against these common threats.

Our enemies have felt the effects of being blocked from the world financial system. They are finding it harder to raise, move, and distribute money. This will continue as a result of our efforts to evolve our counter-terror tools.

Vision 2030

I would also like to discuss Vision 2030. We are here at this conference in Riyadh to help promote a prosperous future for the Kingdom of Saudi Arabia. This is a future beyond oil, with the promises of a diverse and dynamic economy. Saudi Arabia is well-positioned to build this new economy.

Vision 2030 is an ambitious Saudi reform program led by his Royal Highness, the Crown Prince. It will shift the focus of the economy of Saudi Arabia and its future economic prospects by investing in new industries, new education, and delivering new skills needed for the 21st century. The topics discussed at this Future Investment Initiative will lay out a pathway for the Kingdom’s future success.

Many of the reforms already launched – such as capital markets development, the reduction of subsidies, improved regulations, and better delivery of government services – are the foundations for more diverse and inclusive growth.

As the Kingdom pursues these reforms, I want to discuss other areas that will allow investment growth.

The Saudi Arabian Monetary Authority has been an excellent steward of the economy, the banking sector, and currency issues. Maintaining a sound currency, along with predictability and certainty of monetary policy, are key elements to attracting sustainable and long-term capital investment.

New sources of growth and government revenue will help Saudi Arabia diversify away from its oil economy. This will be accomplished through an expansion into new sectors. The 21st century has presented the world with new frontiers and opportunities for innovation, many of which are being discussed during this conference. Saudi Arabia is in a good position to take advantage of these opportunities with large public and private investments in mining, health care, all types of energy, entertainment, logistics, and other sectors. It is also well-positioned to take advantage of an increase in labor force participation with the inclusion of more women in the workforce.

The Kingdom will be able to increase investments by continuing to develop strong and safe capital markets. Saudi Arabia has already set itself on this course. In the past few years, Saudi Arabia has taken measures to allow foreign investment in the TadawuL, the Saudi Stock Exchange, and measures to align settlement rules with international standards. It also has taken steps to expand new products and investors into the Saudi capital market. The Kingdom is working towards creating a deep, liquid domestic debt market anchored by a sovereign yield curve.

Saudi Arabia has achieved some important milestones since the program’s launch. This includes opening the Tadawul to foreign investors and the first phase of energy price reforms. The United States strongly supports and welcomes Saudi Arabia's efforts to advance these reforms. We look forward to continued and accelerating momentum, with future milestones including the creation of the Universal Citizens Account to provide support to Saudi families as the economy transitions.

This is a truly impressive group assembled here today. The country’s future has tremendous possibilities and we are excited to be able to partner with them. Open markets, a respect for private property, and the rule of law are essential to thriving economies. As Saudi Arabia continues down this path and presses forward with reforms, we in the United States will be with you.

Domestic Economic Reform Agenda

Just as Saudi Arabia is engaged in a rethinking of your government’s role in your economy, so are we in America in the middle of our own bold new program for reform.

We are focused on the cornerstone of our pro-growth economic program: comprehensive tax reform. It has been over thirty years since we have had comprehensive tax reform in our country. This has hurt our workers, made our businesses uncompetitive, and left trillions of dollars of American business profits offshore. We are working to change this. Our tax reform framework will transform both the personal and business tax codes to make our system simple, fair, and competitive. We are simplifying the process, eliminating special interest deductions, and providing a tax cut for middle income families. We are going to reduce our corporate rate, which is the highest in the developed world.

To complement our work on tax reform, President Trump has directed the Treasury to conduct a thorough review of financial regulations that have made it more difficult for individuals to save and businesses to compete. Over many years, duplicative regulations have piled up, creating unnecessary compliance costs. Each of our recommendations makes sure that financial regulations are consistent with our core principles – ensuring that regulations are efficient, effective, and appropriately tailored.

These reforms, along with tax reform, will put us on a path to sustained prosperity and a return to stronger economic growth in the United States.

Conclusion

The conversations that take place here will help the Kingdom succeed in an evolving, knowledge-based economy. The work that is done to modernize and reform will ensure every Saudi has access to the ladder of opportunity. This will lead to increased prosperity and provide hope and stability for the 21st century.

I applaud comments by the Crown Prince who has provided clarity and leadership on these issues. His call for moderation and openness will lead the country and region to a brighter future. Initiatives like NEOM – a brand new commercial hub in the region – are bold actions that can leave a legacy for future generations.  

In conclusion, as I have outlined earlier, I am committed to the success of the Terrorist Financing Targeting Center, which I expect will be one of the critical accomplishments of our Administration in cooperation with our partners in the Gulf. I look forward to returning to Saudi Arabia on an annual basis to personally ensure its success.

Thank you for the opportunity to speak here today and I would like to thank the Public Investment Fund of Saudi Arabia for hosting us.

LINK

[fancy]

3 hours ago, DinarThug said:

The full meeting of Dr. Haider Abadi with the Wall Street Journal, The Washington Post and The Los Angeles Times

Media Office of the Prime Minister

Published on Oct 27, 2017

You are Amazing Tuggie!  The News Never Stops My Friend! THANKS A TRILLION DINAR 😚

[ChuckFinley]

Thanks Thug, I hope they do clean up the Tax Law. We need to get in the 21 Century and I would hope they look at Residence vs Citizenship as well.  

[DinarThug]

http://aletejahtv.org/permalin.....88601.html

Experts speculate on the transformation of the national economy from rent to stable

 

28th October, 2017

"Iraq will soon move to the level of the stable economy after the agreements concluded by Iraq with neighboring and regional countries in conjunction with the liberation of the entire Iraqi territory from the gangs of terror," he said.

"The talks held by Prime Minister Haider al-Abadi in Riyadh resulted in the opening of investments for Saudi companies to work in Iraq with the opening of the Arar crossing for trade between the two countries, in addition to the formation of a coordinating council from both countries to coordinate," Al-Amin said in a press statement. In forming a time plan for the priorities of the completion of investment projects and coordination with the ministries and departments concerned in both countries. "

"The prime minister and the accompanying delegation signed several economic and trade agreements during his visit to Egypt, Jordan, Turkey and Iran, which resulted in the re-operation of commercial trucks between Iraq and Jordan through the port of Turbil, after Tamina, which means the return of life for commercial and service activities along the way."

"The security agreements with Turkey culminated in securing the pipeline to transport Iraqi oil from the fields of Kirkuk to the port of Ceyhan, which leads to the state budget additional financial imports had been cut during the past three years because of the control of gangs and urged the areas through which the pipeline," adding that "The commitment of all the regional countries - Saudi Arabia, Jordan, Turkey and Iran - to support the unified Iraq and support the decisions of the federal authority has strengthened Iraq's international position and will accelerate the end of the gangs of black bandits from Iraq and restore security, stability and reconstruction in cities that were under the control of terrorist gangs."

"These agreements and supporting positions for Iraq will contribute to opening up horizons for investment cooperation and restoring the economic joints that have been suspended by the terrorist gangs' control over the capabilities of cities and human and productive capacities. This will enhance the possibility of providing large employment opportunities with the recycling of funds and accelerating development in the services, "And expected" Iraq's transition during the next few years to the level of the stable economy, provided there is a careful planning of its capabilities and economic potential and invest in a rational way for future generations to benefit Of which".

He stressed the need for the government to "the path of fighting corruption and providing spoilers to the judiciary and the establishment of controls and procedures to reduce the routine and complex workshops in the implementation of investment projects, economic and development."

[DinarThug]

http://annabaa.org/arabic/econ.....cles/12951

Economic Sustainability in Iraq: Diagnosis and Solutions

 

28th October, 2017  Hamed Abdul Hussein Al-Jubouri

Taking the concept of sustainability at the present time is of great importance in most aspects of life and from various international and local development institutions because it has an important role in perpetuating and sustaining all the elements that drive current and future human life. It is unreasonable that current generations enjoy resources with consideration. On the negative effects that future generations will bear.

In addition to environmental and social sustainability, economic sustainability is one of the key indicators of sustainable development, which emphasizes that the actions of society must have long-term objectives to preserve the safety of subsequent generations from the negative effects of excessive economic processes Current effects are reflected on the current and future environment. As a result of the increasing importance of sustainable development at the present time, it is more important that indicators of sustainable development are equally important, including economic sustainability.

Economic sustainability and indicators

Economic sustainability, as revealed by Emirates International Aluminum Company (EGA), is based on its ability to optimize the use of economic resources so that it can contribute to meeting the needs of the society today and in the future by investing in employees, providing jobs, investing in the future, Investment in community programs, training and education, and support for national economic growth.

The United Nations Human Development Report also notes that economic sustainability is based on five indicators: depletion of natural resources, net savings, debt balance, R & D spending, and export concentration index. The report classifies these indicators into three groups: And the lower group. We briefly address the indicators as follows:

- depletion of natural resources, which means the monetary value of access to energy resources, mineral resources and forest resources, calculated in percentage of gross national income.

- Net savings adjusted, which equates to net national savings plus education spending minus energy depletion and forestry, and damage caused by carbon dioxide emissions and particulates. Net national savings are equal to GNP minus fixed capital consumption.

- External debt balance, ie, the proportion of non-resident debt paid in foreign currency, goods or services, of gross national income.

- R & D spending, current and capital expenditure (public and private) on innovative activities aimed at increasing knowledge, including comprehensive knowledge of humanitarian, culture and society issues, basic and applied, and pilot development.

- Export concentration index, which measures the concentration of exported products (also known as the Hernfeld-Hirschmann Index).

Diagnosis of economic sustainability in Iraq

The adoption of indicators of economic sustainability in Iraq will help to determine and diagnose the extent of its dependence on economic sustainability or not, and certainly this diagnosis will contribute to taking appropriate steps that can stimulate the trend towards economic sustainability in the absence or preservation of the case if identified.

- In the light of the first indicator, which is the depletion of natural resources in relation to GNP, 18.5% of the natural resources have been accessed in relation to GNP during the period 2010-2014. This is a large percentage that made Iraq classified according to this indicator in the lowest group.

- At the level of the second indicator is the net saving rate, instead of Iraq to achieve a large volume of net savings adjusted in proportion to its wealth and at the very least equivalent to the depletion volume, which was explained in the first index, it achieves a net savings rate of negative by 2.6% Gross national income during the period 2005-2014, which means that the net national savings less and the expenditure on education less energy depletion and forests larger as well as damage caused by carbon dioxide emissions of particles will be greater, and based on this the index was also included in the lower group as well.

- The third indicator of the external debt balance, where the report did not mention the balance of external debt because the data in this regard was not available to him, but according to other sources, the size of the external debt balance accounted for 34% of GDP at current prices in 2015 .

- The fourth indicator of expenditure on R & D. R & D expenditure represented 0.0% of GDP for the period 2005-2014. This reflected the society's view of the quality of education. Only 45% of the respondents were satisfied with the quality of education. As noted in the report in p. 254.

Iraq is also not included in the Global Innovation Report, which is a key element in sustaining the growth and productivity required to meet growing demand. Innovation is an important element in sustaining the economy (long-term economic growth) through its impact on innovation Four channels are capital deepening ie investment in intangible assets in addition to concrete, increase in labor force and human capital, growth in corporate productivity, and transformation of economic structures [2].

- The last indicator is an important indicator of the extent to which economic sustainability is achieved. It is the concentration of exports. The more concentrated the exports, the more economic diversification is not achieved, but rather the dependence on one item. This means that economic sustainability is not achieved, and vice versa.

The value of the Herfundal-Hirschmann index ranges between zero and one, ie, the closer it is to zero, the less the concentration of exports and vice versa. The closer the value of the index to the index, the greater the concentration and non-diversification of exports. 2014 that Iraq is suffering from export concentration. Especially if we know that this concentration is a commodity such as oil and not industrial or agricultural, which contribute to the real economic growth and reduce unemployment, the rental goods have negative effects on the economy as a whole and also to other areas of life, such as political and social and others.

In light of the above, it is clear that Iraq has not achieved economic sustainability and is in stark contrast to its enormous resources and very few achievements. It consumes its resources in a consumable manner that does not sustain its economy. It produces natural resources to consume it today without paying attention to what will happen. Tomorrow!

Solutions

The solution lies in several points that can contribute to economic sustainability as follows:

- Diversification of energy sources ie resort to the use of renewable energy as well as fossil energy to reduce the speed of depletion of fossil energy and achieve social justice between current and future generations of fossil energy because it is a national wealth for all.

- Investing in human capital through interest in education and health. This, in combination with the first point, stimulates and reduces carbon emissions from the source on the one hand, and treatment on the other.

- The development of a policy to deal with debt, such as to be placed under control, not to exceed the value of some, by reducing the consumption of consumer spending and increase the efficiency of investment spending with the imposition of taxes in accordance with the circumstances of the individual and country.

- Focusing on the issue of innovation by increasing R & D allocations in all fields. The interest in innovation, as mentioned above, leads to long-term economic growth and is the goal of economic sustainability.

- Work on achieving economic diversification through interest in the various economic sectors such as agriculture, both animal and plant, and industry, both extractive and conversion, especially, and trade in both internal and external, and tourism in all its branches, and others.

- All of the above needs to build an attractive investment climate stimulates and encourages investors to come capital to invest in the country.

* Department of Economic Studies / Al-Furat Center for Development and Strategic Studies / 2004-Ⓒ2017 http://www.fcdrs.com

[DinarThug]

http://sngiq.net/wordpress/?p=96040

A newspaper close to Erdogan estimated Barzani's fortune at $ 55 billion

 

28th October, 2017

The head of Iraq's Kurdistan region, Massoud Barzani, has illegally surrendered $ 55 billion, the daily Yanni Shafak of the Justice and Development Party (AKP), led by Recep Tayyip Erdogan, said on Saturday.

The newspaper quoted a former official in the provincial government as saying that "the value of wealth possessed by Barzani, which collected through illegal activities estimated at 55 billion dollars," noting that "Barzani, backed by the United States and Israel, along with his son and his brothers and relatives gathered his wealth Illegally, and to mobilize funds for his personal account despite the establishment of the Ministry of Finance for the province. "

He added that "Barzani occupied more than 45 oil fields between 2012 and 2017, and collected his personal wealth from various sources of income such as the border crossing Khabur, and Cork Telecom, the trade of natural gas and oil in addition to funds received from the central government.

"The former KRG finance minister, Rebaz Hamlan, led an anti-Barzani movement after depositing the money sent to the provincial government in Barzani's accounts. As Barzani continued to collect wealth in his tribe, the population of the region was left poorer than it was before 1991," the Kurdish official said.

"Barzani has made significant investments in countries such as Turkey, the United Arab Emirates, Cyprus and the United Kingdom, which are directed directly to his tribe or other subsidiaries operating in sectors such as navigation, logistics, transport, food, mining, contracting, oil trading, .

"The border crossings on the borders of Turkey and Iran provide a vital source of income from the oil trade for Barzani's relatives," the former official said, adding that "the events that followed the illegal Barzani referendum on September 25 earthquake caused heavy losses."

"The system and mentality in northern Iraq must change, and management must be based on a more comprehensive basis of power-sharing rather than feudalism," said the official, who said he had held a senior post for five years. Rather than the current vision. "

[DinarThug]

This Way The Iranians Can’t ‘Funk’ It Up !  

 

 

Read On - U’ll Get The General Idea ...

 

     

 

 

 

http://sngiq.net/wordpress/?p=96021

The US military will remain "long" in Syria and Iraq

 

28th October, 2017

The commander of US forces in Iraq, General Paul Funk, said US forces should remain in Syria and Iraq after the defeat of a terrorist organization. 

General Funk attributed the need for US troops in Syria and Iraq to keep up with the remnants of the organization and to hunt down Iranian militias and limit their influence in the region.

He said his forces must be ready to stay on the ground, as part of a long-term commitment to provide training and assistance to local forces.

[ChuckFinley]

2 minutes ago, DinarThug said:

This Way The Iranians Can’t ‘Funk’ It Up !  

 

 

Read On - U’ll Get The General Idea ...

 

     

 

 

 

http://sngiq.net/wordpress/?p=96021

The US military will remain "long" in Syria and Iraq

 

28th October, 2017

The commander of US forces in Iraq, General Paul Funk, said US forces should remain in Syria and Iraq after the defeat of a terrorist organization. 

General Funk attributed the need for US troops in Syria and Iraq to keep up with the remnants of the organization and to hunt down Iranian militias and limit their influence in the region.

He said his forces must be ready to stay on the ground, as part of a long-term commitment to provide training and assistance to local forces.

You can bet on that.  

[Wiljor]

Good morning Thugs and thanks 

 

Ok, between Maliki and this thief along with the other Barzani’s, amounting to more then 100 billion usd stolen form the coffers. I mean 100 billion?????? Lock these idiots up and throw away the key, 100 billion usd?????? 🔥😡

Ok I feel a little better now, it drives me crazy to think that these 2 are still walking upright. C’mon Iraq, whack these 2 and move on 

[10 YEARS LATER]

15 hours ago, DinarThug said:

Al-Jaafari: World countries want to invest in Iraq

28/10/2017 12:00 am  Baghdad / Al-Sabah  Foreign Minister Ibrahim al-Jaafari stressed that Iraq needs a qualitative difference in the field of investment, and the countries of the world wish to invest in the country, pointing out that the Moscow visit resulted in discussing the economic and security files, education and education. He said after the meeting of the Iraqi- Moscow, according to a statement issued by the Office of the Minister of Foreign Affairs, that "Iraq today reflects in the movement of the components of the Iraqi people as a whole, and there are no differences of community, or forces of conflict, but all the Iraqi national forces are moving towards building the country as achieved Iraq, and completed a joint victory. " Jaafari noted that" Iraq, after the end of the issue of disposal of terrorist outposts, and the decisive confrontation was naturally to pour all his attention on reconstruction and reconstruction, "noting that Iraq is ready to step towards The meeting of the joint Iraqi-Russian committee in the capital, Moscow, was characterized by a state of harmony and openness to various files, including economic files, security, education, education and all sectors.   Iraq proposed the establishment of the investment forum between Baghdad and Moscow Jaafari revealed: "We need to achieve a qualitative difference in the field of investment; because Iraq was delayed a few years because of the preoccupation with confronting terrorism," noting that the countries of the world want to invest in Iraq; because he has Economic power. link

 

BUT IRAQ IS STILL " SITTIN' ON IT AZZ "

[10 YEARS LATER]

1 hour ago, Wiljor said:

Good morning Thugs and thanks 

 

Ok, between Maliki and this thief along with the other Barzani’s, amounting to more then 100 billion usd stolen form the coffers. I mean 100 billion?????? Lock these idiots up and throw away the key, 100 billion usd?????? 🔥😡

Ok I feel a little better now, it drives me crazy to think that these 2 are still walking upright. C’mon Iraq, whack these 2 and move on 

 

Truer words were never spoken ! Why these people aren't in a hole in the ground - well, perhaps someday, we hope.  

[ChuckFinley]

1 hour ago, 10 YEARS LATER said:

 

Truer words were never spoken ! Why these people aren't in a hole in the ground - well, perhaps someday, we hope.  

If they can recover any amount of those funds it will go a long way to helping Iraq.  

[DinarThug]

SOURCES CLOSE TO ABADI: THE COMING HOURS WILL ANNOUNCE THE PRIME MINISTER END OF A HASTY IN IRAQ

A source close to Prime Minister Haider al-Abadi said the commander-in-chief of the armed forces will announce the next few hours to eliminate the preacher of the terrorist in Iraq.

The source added that the fighting in Rawa and al-Qaim is about to be resolved after the joint forces in the liberation of those areas, which are the last sanctuaries in Iraq.

The source added that the mere announcement of the liberation of Rawa and Al-Qaim will declare the Prime Minister an end to an urgent in Iraq and this is in the coming hours.

https://scoop24.news/%D9%85%D8%B5%D8%A7%D8%AF%D8%B1-%D9%85%D9%82%D8%B1%D8%A8-%D9%85%D9%86-%D8%A7%D9%84%D8%B9%D8%A8%D8%A7%D8%AF%D9%8A-%D8%A7%D9%84%D8%B3%D8%A7%D8%B9%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D9%82%D8%A8%D9%84%D8%A9/

[Half Crazy Runner]

28 minutes ago, DinarThug said:

THE COMING HOURS

 

 

Well, that’s better than the coming days, I suppose... 😜

 

Many thanks Thug!

[ChuckFinley]

1 hour ago, Half Crazy Runner said:

 

 

Well, that’s better than the coming days, I suppose... 😜

 

Many thanks Thug!

Man I hope you are right. With these guys time means nothing.  

[DinarThug]

Economic recovery

 

29/10/2017 12:00 AM

The signs of economic dislocation in Iraq are looming after an important page of disability has ended with a "da'ash" strike.  
. 
Yesterday, Iraq signed several economic agreements with France during the recent visit of Abadi, an economically advanced country. 

Today, the visit of the Prime Minister to Saudi Arabia has achieved great successes and culminated in the founding of the Constituent Council for Economic Cooperation between Iraq and Saudi Arabia and the signing of economic agreements  . 

This move will bring Iraq back to the ranks of the developed countries, which brings us back to the global expectations that Iraq will be the eighth tiger among the seven tigers after his salvation from the challenges he faced.

Based on Iraq's assets and wealth qualify for it, but was disabled because of his preoccupation with the war, "dashing" and address the effects of the financial crisis because of the decline of its financial resources due to low oil prices and fluctuation. 

Perhaps the return of Iraq strongly to the Arab and regional environment and the use of all with one space will enable him to economic recovery again. 

It is true that Iraq has been subjected to great destruction in the areas occupied by "Dahesh" but will overcome this stage by international support and the regional environment in this regard. 

The mere start of the reconstruction of the liberated areas will create opportunities for the recovery of the labor market and the repercussions of this will correct the distortions experienced by the economy represented by high rates of unemployment and poverty and will contribute significantly to the decline of these percentages. 

In addition to this, the reform steps taken by the government in all parts of the state to reformulate the institutional system to carry out its activities aimed at implementing sustainable development programs, and these steps will have their effect and positive results in achieving the desired goals. 

We hope that development progress will be achieved at this stage as long as the Government's steps are consistent with the requirements of development and are accompanied by the understanding and interaction of most ministries with the right measures that lead to achieving the desired economic reform. The first step in this direction is the next economic breakthrough  . 

The results are expected to go towards economic success, as the regional international convergence from Iraq holds the key development catalysts.

http://www.alsabaah.iq/Article.....?ID=146841

[DinarThug]

(by don961)

D. Mohammed Saleh's Appearance: * Foreign Currency Gain ... Challenges and Opportunities **

BY 

DR.. APPEARANCE OF MOHAMMED SALEH

- PUBLISHED ON 25/10/2017
 
In order to coordinate more effectively between the monetary and financial policies guaranteed by the Central Bank Law in some of its articles, we present in this paper two alternatives which enable the public treasury to maximize the revenues of the public treasury in a more streamlined and fair manner than the sale of treasury bills of foreign currency which is The main source of the flow of foreign exchange reserves of the country and its positive impact in the movement of balance of payments and as follows:
 
The first alternative:
  To pay the Treasury's share of its profits The Central Bank of Iraq Law does not expressly or implicitly indicate the annual result of the restriction of the State's resources in foreign currency from the proceeds of oil and cash loans
  Including the intervention of the foreign exchange and others, and then the formation of foreign reserves, which uses the exchange side to maintain the levels of domestic liquidity in addition to imposing the control at the general level of prices (through the use of the exchange rate as we mentioned above as a nominal anchor to check the external value of money) Monetary policy. He notices that he is a lord of money

The central bank is fully paid out of the public treasury. In the case of the central bank to the loss of the actual lead to erosion of net capital wealth, the financial balance of the allocation of capital of the Central Bank and make the net status of wealth status under the law.
 
 The legislative obstacles and the current view stipulated by the law of the Central Bank in force which may not allow the bank to waive even part of its annual profits to the Treasury. However, it is possible that public finance will impose an exchange rate at an incentive premium when selling treasury revenues from foreign currency to equal to The lowest half of the commission currently charged by the Central Bank of the Central Bank of its customers from the window of the Central Bank on the sale of foreign currency, to record this fund in the general budget within the transfer revenues
 
 
 Of the Central Bank of Iraq for its part of the amendment Amo Lngd prevent the sale of foreign exchange par dinars on one dollar, which is added to the exchange rate 6, which does not exceed currently JD / $ without resorting to the reduction or other policies of the price of 1184 of the value of Annual inflation is still at below in None. Note that spam is currently offline and does not exceed. Which is the lowest in the history of economic displacement ؜% 2 

Alternative: Alternative new window for the purchase of foreign currency This option goes to the balance of financial study the subject of opening a new independent window alternative to the central bank window to sell foreign currency itself and managed jointly and jointly between the Department of Financial Operations in the Central Bank and the Department of Public Accountants in the financial balance. For the new window to sell the foreign currency to the Central Bank itself and to the government banks and the purchase and eligibility of all authorized and other government agencies (such as state-owned companies) and the Central Bank to exercise its functions such as monitoring function compliance And to combat the activities of money laundering and the practice of intervention in the exchange market through the new window practiced by the public finance. We see this alternative as another alternative in the management of foreign exchange resources of the government without losing the budget is insufficient (without significant importance of public revenue - Ie loss of profits from the acquisition of the public treasury of the currency of the sovereign foreign treasury) to be revenue. Which is one of the options that can be studied very carefully with the use of the price, especially the subject of the Central Bank of Iraq and the international financial organizations in the future fluctuate the price of band and semi-managed floating area of semi-floating drainage points> for example as an alternative to the current system of fixed high current 5 exchange between 

 
 We believe that this alternative will provide a coordinating force and better judgments between the monetary and financial policies within the scope, direction and objectives of economic policy.
 
(*) Financial and Economic Adviser to the Prime Minister (**) This paper represents the personal vision of the author himself and does not necessarily reflect the policy of the Government of the East.
 
Copyrights reserved to the network of Al-Aseqadeen. Reproduction is permitted provided that reference is made to the source

link

[DinarThug]

Sources for the morning: Saudi Crown Prince will visit Baghdad soon

In response to Abadi's recent visit
Baghdad / Omar Abdul Latif

The leader of the Iraqi National Alliance, headed by the Crown Prince and the Saudi Defense Minister, Prince Mohammed bin Salman, expected a visit to Baghdad in the next few days, pointing out that the security aspect and the dangers of terrorism are the most important to be discussed by officials of the two countries during the visit. That the Kingdom is aware that the regional balance and the security and economic stability of the region need a strong and stable Iraq.

This comes at a time when the relations of the two countries have developed significantly since the accession of Haider Abadi prime minister, which was one of the most prominent opening up to the countries of the world, especially Arab and regional ones, while moving away from the policy axes, and turn the official speech of Iraq towards a more flexible diplomacy with neighboring countries was characterized by the desire of Abadi to return Building Iraq's relations with its Arab environment, in addition to changing the strategy adopted by the Kingdom towards Iraq. 

"The visit of Prime Minister Haider al-Abbadi to Saudi Arabia has been a turning point that will positively reflect on the relations between the two countries," said the leader of the National Alliance and the deputy of the Badr bloc, Abdul Hussein Al-Azerjawi. Of the countries are not aligned against anyone, but were consistent with the strategy of the Government in the establishment of balanced relations with all countries obsessed with common interests and away from the policy axes.

Azzergawi said both Saudi Arabia and the Islamic Republic of Iran have dealt with Iraq as a victor on terrorism and has the right to regain its prestige and prestige among other countries and the need to support it and not to mix it in many problems and interactions that may be negatively affected in one form or another. In response to the successful visit by the Iraqi Prime Minister and to preserve the common interests between the two brotherly countries. 

Azzergawi pointed out that Saudi Arabia is a brotherly Arab country with its political and economic influence and mutual visits between the two countries contribute to resolving problems and bottlenecks, especially as the issues of disagreement between them are not deep or insoluble. He pointed out that the upcoming visit of Ibn Salman will open new horizons different from the past and its problems. It is in Iraq's interest to communicate with the young leadership represented by the Crown Prince.

In the view of the leadership of the National Alliance that it is necessary to stay away from things about everything that creates a gap between the two countries or raise the sensitivity of one of them, for the Iraqi interest, the establishment of good relations with Riyadh means to improve relations with many other countries and important as the Kingdom has strong relations with important countries In the region and beyond, and Saudi Arabia will benefit from its good relationship with Iraq in easing tensions with Iran and perhaps find a solution to the crisis with Qatar. 

In turn, the strategic expert, Dr. Ali al-Amiri, said that the upcoming visit of the Crown Prince will be a great success, especially that Mohammed bin Salman seeks to establish a constitutional monarchy and lead a campaign to change the rhetoric that prevailed in years ago.

Al-Ameri said that the third generation of the Saudi ruling family has been working at least in the 1990s towards modernization and economic and political change. He pointed out that Crown Prince Mohammed bin Salman is an extension of this generation and there are many who push it in this direction. To the pressure of Riyadh's strategic allies. 

He pointed out that the Iraqi government is working hard to establish the best relations between the two countries, knowing that the Kingdom is an important country and lead the interactions on the Arab and regional arenas, noting that the new regional equation requires the Kingdom to choose Iraq to be the basis. 

Ameri advised Iraqi politicians to prepare for the upcoming visit, indicating that Saudi Crown Prince Mohammed bin Salman is the most important player in the circle of decision-makers Riyadh.

http://www.alsabaah.iq/Article.....?ID=146866

[DinarThug]

Barzani refuses to extend his term and calls for presidential elections early next month

Saturday 28 October 2017 - 10:32 PM

 

 

The head of the Kurdistan region Massoud Barzani, on Saturday, for presidential and parliamentary elections, to be held in the region at the beginning of next month, rejecting any extension or modification of his term in office.
"Barzani called for holding parliamentary and presidential elections in early November," he said. "Barzani rejected any extension or amendment to his term and sent a letter to parliament to be held tomorrow."

The Presidency of the Kurdistan Regional Parliament announced the holding of its fourth postponed, at one o'clock on Sunday, and dedicated to discuss the law of the presidency of the region.

LINK

 

 

Barzani will not extend his term after November 1

A Kurdish official said Massoud Barzani, head of the Kurdistan region of Iraq, will not extend his term after November 1, 2017. He said that a plan was drawn up on the powers of the President sent by Barzani to the parliament of Kurdistan today to be discussed tomorrow.

 

A Kurdish official said Saturday (October 28, 2017) that Massoud Barzani, the president of the Kurdistan region of Iraq, will not extend his term of office after the first of November 2017. The official said that the plan was developed regarding the powers of the President sent by Barzani to the Kurdistan Parliament on Saturday to To be discussed tomorrow. Is scheduled to hold the parliament of Kurdistan of Iraq on Sunday afternoon a regular session to distribute the powers of the President of the region Massoud Barzani to the three authorities.

 

"After the parliamentary blocs reached an agreement on how to distribute the powers of the President of the Territory to the legislative, executive and judicial authorities, this distribution will be discussed in the session" on Sunday. The parliament of the region decided this week to freeze the work of the presidency of the region, which includes Barzani, leader of the Kurdistan Democratic Party and his deputy Kusrat Rasul, a leader of the Patriotic Union of Kurdistan and President of the Office of President Fuad Hussein.

The decision to freeze Barzani's presidential activities was suspended because the regional parliament did not extend its term of office legally, ending its presidential powers. Barzani, the region's first president in 2013, has been extended and his term of office has been extended for two years because of the jihadist attacks of 2014.

The opposition movement "Change" (Goran) is scheduled to participate in Sunday's session after boycotting previous sessions due to political differences, most notably the referendum on independence held on September 25, which raised an escalation with Baghdad.

"The Movement for Change, as well as the Islamic Group, which boycotted the previous sessions, decided to participate in this meeting because it is also important to them on the distribution of powers of the presidency of the region." The movement "change" called on Sunday to the resignation of Barzani and the formation of a national salvation government.

LINK

[DinarThug]

10-28-2017   Newshound Guru G-Lin  Article: 

"Banking relations between Iraq and Saudi Arabia strengthen the role of the private sector in the economic decision"   ...

what is interesting is that this goes against Maliki and Iran. Maybe the U.S. has told Abadi that M's days are numbered.  ...

it seems Abadi has stepped up to plate on economic activities that would open Iraq up to the world and let the people reap the wealth of their country. 

Something M and Iran have never allowed. 

[DinarThug]

10-28-2017   Intel Guru Delta   Article:  "CBI directs Banks to implement SWIFT Standards"  

Quote:  "The Central Bank of Iraq (CBI) has directed all Iraqi banks to adopt user protection standards approved by SWIFT before the end of 2017." 

THE TRICKY KEY WORD...(wink)  BEFORE THE END OF 2017...NOT AT THE END OF 2017!!!  

[Synopsis]

47 minutes ago, DinarThug said:

Yesterday, Iraq signed several economic agreements with France during the recent visit of Abadi, an economically advanced country. 

Today, the visit of the Prime Minister to Saudi Arabia has achieved great successes and culminated in the founding of the Constituent Council for Economic Cooperation between Iraq and Saudi Arabia and the signing of economic agreements  . 

This move will bring Iraq back to the ranks of the developed countries, which brings us back to the global expectations that Iraq will be the eighth tiger among the seven tigers after his salvation from the challenges he faced.

 

As far as I am aware, France is the only other country Iraq has signed a Strategic Framework Agreement (SFA) along with the US. So, I take this to be some really, really good news. Once Iraq is entirely free from ISIS control, there may be calls from Iraq to the US in the news to activate the US/Iraqi SFA that was drawn up and agreed upon near the beginning of this year after Donald J. Trump was inaugurated.

 

The Group of Seven (G7) is an informal bloc of industrialized democracies—Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States

 

https://www.cfr.org/backgrounder/group-seven-g7

 

47 minutes ago, DinarThug said:

We hope that development progress will be achieved at this stage as long as the Government's steps are consistent with the requirements of development and are accompanied by the understanding and interaction of most ministries with the right measures that lead to achieving the desired economic reform. The first step in this direction is the next economic breakthrough  . 

The results are expected to go towards economic success, as the regional international convergence from Iraq holds the key development catalysts.

 

42 minutes ago, DinarThug said:

Which is one of the options that can be studied very carefully with the use of the price, especially the subject of the Central Bank of Iraq and the international financial organizations in the future fluctuate the price of band and semi-managed floating area of semi-floating drainage points> for example as an alternative to the current system of fixed high current 5 exchange between 

 

http://cbi.3eyon-host.net/

 

• Exchange Rates
• Banking systems
• Auction remittances CBI
• Auction remittances Ministry of Finance
• statistics

US Dollar	USD	1.2
EURO	EUR	1.08565
British pound	GBP	1466.129
Canadian dollar	CAD	876.741
Japanese yen	JPY	11.156
Norwegian krone	NOK	141.862

 TO                              US Dollar                             EURO                             British pound                             Canadian dollar                             Japanese yen                             Norwegian krone                              

 

Well, OK, there are six currencies listed here, not five. However, the first five currencies are associated with G7 coutries!

 

This all looks like some really, really good news! The next few days could be really, really interesting!!! 

 

I find it interesting an avalanche of positive news broke at around 0:00 GMT! Hang on to Your hats, everybody!!!

 

Thank You, DinarThug, for tirelessly posting this and all the other Great Articles!!! The Best Of Your Weekend To You!!! 

 

And (OH, YEAH, BABY!!!!!!!!!!!!!!!!)..............................................................................

 

Go, Go, Go Moola Nova (YEAH!!!!!!!!!!!)!!!!!!!!!!!!!!!!!!!!!!!

 

Edited October 29, 2017 by Synopsis

[Wiljor]

CBI DIRECTS BANKS TO IMPLEMENT SWIFT STANDARDS

Iraq, October 28, 2017  The Central Bank of Iraq (CBI) has directed all Iraqi banks to adopt user protection standards approved by SWIFT before the end of 2017. The bank explained that the standards of the 16-user protection network can be summed up by the need to restrict access to the Internet, separate sensitive systems from the overall IT environment, and mitigate cyber-attacks and vulnerabilities. Other security measures include security intuition to protect against access to Internet sites, storage and prevention of safe password detection, management of bank identification numbers, separation of privileges, detection of suspicious activities within the system, registration of operations and plans to respond to various situations (errors and incidents) and information sharing. businessnews   http://iraqdailyjournal.com/story-z16116697

[DinarThug]

3 hours ago, DinarThug said:

10-28-2017   Intel Guru Delta   Article:  "CBI directs Banks to implement SWIFT Standards"  

Quote:  "The Central Bank of Iraq (CBI) has directed all Iraqi banks to adopt user protection standards approved by SWIFT before the end of 2017." 

THE TRICKY KEY WORD...(wink)  BEFORE THE END OF 2017...NOT AT THE END OF 2017!!!  

 

10-28-2017   Intel Guru Delta   Article:  "CBI directs Banks to implement SWIFT Standards"   

Quote:  "The Central Bank of Iraq (CBI) has directed all Iraqi banks to adopt user protection standards approved by SWIFT before the end of 2017."  

THE TRICKY KEY WORD...(wink)  BEFORE THE END OF 2017...NOT AT THE END OF 2017!!!  

 

On 10/27/2017 at 1:00 AM, DinarThug said:

CNN. Broadcasting While Giving The Dinar A Swift Kick In The Assets !

 

 

CBI directs Banks to implement SWIFT Standards

October 27, 2017 in Iraq Banking & Finance News

The Central Bank of Iraq (CBI) has directed all Iraqi banks to adopt user protection standards approved by SWIFT before the end of 2017.

The bank explained that the standards of the 16-user protection network can be summed up by the need to restrict access to the Internet, separate sensitive systems from the overall IT environment, and mitigate cyber-attacks and vulnerabilities.

Other security measures include security intuition to protect against access to Internet sites, storage and prevention of safe password detection, management of bank identification numbers, separation of privileges, detection of suspicious activities within the system, registration of operations and plans to respond to various situations (errors and incidents) and information sharing.

(Source: Central Bank of Iraq)

lin

 

CNN. Broadcasting While Giving The Dinar A Swift Kick In The Assets !

 

 

CBI directs Banks to implement SWIFT Standards

October 27, 2017 in Iraq Banking & Finance News

The Central Bank of Iraq (CBI) has directed all Iraqi banks to adopt user protection standards approved by SWIFT before the end of 2017.

The bank explained that the standards of the 16-user protection network can be summed up by the need to restrict access to the Internet, separate sensitive systems from the overall IT environment, and mitigate cyber-attacks and vulnerabilities.

Other security measures include security intuition to protect against access to Internet sites, storage and prevention of safe password detection, management of bank identification numbers, separation of privileges, detection of suspicious activities within the system, registration of operations and plans to respond to various situations (errors and incidents) and information sharing.

(Source: Central Bank of Iraq)

lin

 

[10 YEARS LATER]

4 hours ago, DinarThug said:

10-28-2017   Intel Guru Delta   Article:  "CBI directs Banks to implement SWIFT Standards"  

Quote:  "The Central Bank of Iraq (CBI) has directed all Iraqi banks to adopt user protection standards approved by SWIFT before the end of 2017." 

THE TRICKY KEY WORD...(wink)  BEFORE THE END OF 2017...NOT AT THE END OF 2017!!!  

 

If they do what they're supposed to do and on time - well, " Say No More "